SummerlandiSave Online
Summerland's electronic-only account with high interest. For those aged 12 years and over who operate their own accounts; or business or community groups. Must have a linked transaction account.
At a glance
- Base rate
- 0.75%
- Intro rate
- 5.70%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 0.75% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 46th highest of 61 |
Rates
Every rate Summerland publishes for this account, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| IntroductoryValid for new customers only. Introductory period is 90 days from the date of account opening. The account will convert to the iSave Online account at the end of the 90 day introductory rate period.… | - | - | - | 5.70% | - | New customer |
| Variable | - | - | up to $2,000 | 0.75% | - | paid every 1 mo |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 30 Oct 2026 | Introductory | 5.45% | 5.70% | up 0.25 |
| 30 Oct 2026 | Variable, up to $2,000 | 0.50% | 0.75% | up 0.25 |
Each change is logged the night it appears in the rates Summerland Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
4 fees published, grouped by when they're charged.
When particular things happen4
- Deposited Cheque Item FeeVaries
- Dishonour Fee$15
- Honour Fee$20
- QuickDebit Dishonour Fee$15
Features
- Save on paper, receive and view your statements online with eStatements.
Eligibility and limits
- Residency: An eligibility constraint based on residency status applies.
Compare it with others
Put this product through a calculator
Published by Summerland Bank under the Consumer Data Right, last changed by them on 30 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.